Tex Cycle buys Chin Hin debt notes


PETALING JAYA: Tex Cycle Technology (M) Bhd subscribed for RM10mil in nominal value of perpetual medium-term notes (perpetual MTN) issued by Chin Hin Group Bhd.

Tex Cycle said the perpetual MTN offers an annual return of 7.5%, which is significantly higher than its other investments in unit trust which offers an average return of 2.51% to 7.09% per annum.

Save 30% for ads-free and full access now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


All Headlines:

Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In